The Tax Myth

Always remember - taxing the rich would just make the stuff we buy more expensive.

Question #17 of a recent Washington Post/ABC News poll conducted on April 17, 2011 showed that 72% of respondents favored a tax increase on the “rich” as the most popular solution to reducing our national debt. A mere 27% of respondents opposed this idea. With 68% of those surveyed making under $75K per year, it’s no surprise that raising taxes on the rich is the popular response. But would that really solve our debt problem?

The CBO determined the cost of the Bush tax cuts to be approximately $80B per year. Contrast that to our current national debt of $14.3T and our current budget deficit of $1.35T. Taxing the “rich” by expiring the Bush tax cuts would reduce our deficit to $1.27T and would do absolutely nothing for our debt level. We’d have to tax the rich another 16 times each year for this solution to resolve just the deficit problem.

The second most popular solution illustrated in the poll was to find savings in defense spending. If we were to completely eliminate all defense spending in addition to taxing the rich, we’d save another $665B per year which would further reduce the current deficit to $605B. The poll showed overwhelming opposition towards involving social programs in debt reduction initiatives.

Although taxing the rich and cuts in defense are easy targets, they alone clearly fail to impact our mounting debt crisis. Our government has an unsustainable spending problem. Without immediate and meaningful changes to the sacred entitlement programs along with other sensible spending reductions, we are guaranteeing ourselves fiscal ruin no matter how much heavier we’re taxed.

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Upgraded Bumper Stickers

President Obama formally announced his intent to seek a second term this week on the symbolic fourth day of the fourth month as our 44th president. As a result, his website now asks, “Obama in 2012 – Are you in?”. Yes I am, and I’ve already scraped the old 2008 ‘Hope and Change’ bumper sticker off my car in eager anticipation of replacing it with a new 2012 version! I can already envision the clever redesigns in the works:

Obama 2012: Are You In? R-U-IN? RUIN! …against the backdrop of mushroom clouds and a smoldering heap of corporate headquarters……

Obama/Biden 2012: R-U-N? RUN! …against a backdrop of smoking holes and stick-figures running for fire exits……

Perhaps the President needs to rethink his new campaign slogan.

Loophole Misnomer

I’m confused as to why some in our government along with their advocates and compliant media like to believe a loophole exists at gun shows. Calling something a loophole insinuates an oversight or omission that allows someone the opportunity to evade responsibility.

So what’s unique about a gun show that requires a “loophole” fix? We have laws that require licensed firearms dealers to perform background checks on prospective buyers, and we have laws making it illegal under various circumstances for persons to buy, sell, or possess a firearm. Our laws do not require background checks be performed in private party transactions, and there is no language specifying where private-party transactions must occur. Are the same laws that govern our behavior at gun shops and garage sales not in play at gun shows?

Selling a gun to a convicted felon will land the seller in trouble under existing law, so you can bet that law abiding sellers will always take the necessary steps to know who they’re selling to. Ignorant sellers ignore our laws, and they’d ignore any “loophole fix” law just the same.

Big Government

Do you think we’d have problems with unemployment, debt, shortages, or entitlements if not for government intervention? John Hayward from Human Events does a nice job of answering this question.

Sleepless Knight

I enjoy freedom, thus I remain aware.

I’m tired of defending the Second Amendment and illustrating that firearms deter crime, and I’m tired of explaining how laws affect law-abiders yet fail to deter the criminals. I’m tired of the “we need more effective gun laws” mantra as if criminals would be …….. never mind. I’m tired of you thinking my choice to carry somehow infringes on your existence.

I’m tired of the assault on productivity and liberty and I’m tired of emotion trumping fact. I’m tired of you deciding how to spend my money for me and I’m tired by the prospect of being forced to buy something I don’t need. I’m tired of rewarding laziness and I’m tired of financing bad decisions I didn’t make. Honk if I’m paying your mortgage.

You won’t quit, so I’ve resigned myself to being tired until the day I die. But maybe you’ll wake up sometime before then and figure out how to take care of yourself without diminishing my freedom, my intelligence, and my resources. I’m not going to sleep until you do.

Bretton Woods?

Here’s a little insight in to a man named George Soros and how he plans on changing the world order. If you don’t know who he is, he’s the billionaire Socialist who finances over 50 liberal organizations across the globe who then funnel the money to Democrats and radicals. He’s also the guy behind Obama pulling the puppet strings.

Here are the results of his latest meeting , a gathering of liberal and radical masterminds he calls the Bretton Woods Conference.

Here’s a segment that Glenn Beck did on some of the Soros associations that’s easy to grasp.